Dubai vs. Istanbul: where is it better to buy real estate?

This is a question that interests many people, especially in light of the growing number of Russian citizens obtaining a residence permit in Turkey. Both cities offer the potential for profitable investments, but each has its own characteristics.

Let’s look at some factors that can help you make a decision:

1️⃣ Population growth and construction. Both cities are actively developing and attracting new residents. Dubai is building both premium and affordable housing, and Istanbul is also experiencing a construction boom.

2️⃣ Preferences from the state. In Turkey, buying a property can lead to obtaining a residence permit, and in Dubai you can get a golden visa when buying a property of a certain value.

3️⃣ Tourist flow. Both cities are popular with tourists, which creates the potential for short-term rentals and additional income.

However, there are differences:

1️⃣ Taxes. In Turkey, there are taxes on real estate, rent and resale, while in Dubai, the property tax for individuals is 0%.

2️⃣ Economic stability. Dubai has a more stable and strong economy than Turkey, which may be an important factor in making a decision.

3️⃣ Currency volatility and inflation. In Turkey, the volatility of the lira and inflation are higher, which may pose risks for investors.

4️⃣ Safety and innovation. Dubai is known for its high security and innovative approach, which attracts investors and specialists from all over the world.

As a result, the choice depends on your preferences and willingness to take risks. Dubai offers more stable and guaranteed income, but may require more investment. Istanbul, on the other hand, can offer more affordable prices, but comes with some risks.

Do not forget to consult with professionals and analyze the market before making a decision. Leave a request to get the best real estate offers! 🏢🌍🏠